1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lawyer [7]
3 years ago
10

Price is constant to the individual firm selling in a purely competitive market because:

Business
1 answer:
musickatia [10]3 years ago
7 0
Any sellers who raise its price lose all of their customers
any sellers who lower the price also cause the reduction in price of other firms,that may lower the profit gained
You might be interested in
You don’t have to notify employees that a lockout/tagout is about to begin.<br> True<br> False
SCORPION-xisa [38]

False. Employees must be notified by the supervisor about the beginning of a lockout/tagout procedure.

  • Lockout and tagout are work procedures that ensure that safety is maintained for employees, especially during equipment repairs or maintenance.

  • Lockout involves ensuring that the operation of a machine or process is in a safe mode by isolating energy from the system.

  • Tagout is a labeling that ensures that warnings are issued to employees during a lockout so that a machine or process is not re-energized until the repair or maintenance is complete.

Thus, it is FALSE that employees will not be notified that a lockout/tagout is about to commence.

Read more: brainly.com/question/17759033 and brainly.com/question/17887045

6 0
3 years ago
Which of the following has a pure market economy? the United States China Great Britain none of the above
suter [353]
United States

The United States is said to have a pure market economy since price, production and labor are decided by the companies, consumers and workers without the influence or aid from the government. Thus, companies can decide on prices that the consumers are willing to pay while workers can demand on wages that companies are willing to give for their services.
5 0
3 years ago
A property is encumbered by a first mortgage of $60,000 and a second mortgage of $23,500. The property has just been sold at a f
olganol [36]

Answer: Please refer to the explanation section

Explanation:

The question is incomplete, the statement which we much choose from are not given in the question we will explain the question and provide a clear solution to make it easier for the student to single out a false statement.

Property acquisition was financed by two mortgage Bonds, First Mortgage Bond was $60 000 and the second mortgage bonds was $23 500. Ignoring interest rate we can assume that the Value of the Property is $83500 ($60 000 + $23 500).

Property was sold for $88000, There is a profit on sale of the property. Profit earned amounted to $4500 ($88000 - $83500). The profit on sale of property ($4500) will reported on the income statement. The property Value will be derecognized from long term assets in the the balance sheet statement.

The profits on sale of the property will form part of the net income for the year. Net income is distributed to shareholders in the form of dividends. We can therefore conclude that a portion of Profits on sale of property, if not all will be distributed to the share holders as dividends

7 0
4 years ago
Read 2 more answers
True or false rocks are not created destroyed but they are recycled
kvv77 [185]
True. Rocks are not created or destroyed they are recycled.
8 0
3 years ago
Read 2 more answers
Sankey Co. has earnings per share of $3.95. The benchmark PE is 18.8 times. What stock price would you consider appropriate
trapecia [35]

Answer:

Stock price = $74.26

Explanation:

<em>The value of a share can be determined using the price earning ratio model. According to this model, the price of a share is estimated as the EPS of the company multiplied by a representative (benchmark) price- earning (P/E) ratio</em> .

The  ratio relates the price of a stock to its earning. A stock with a higher P/R indicates a high potent for growth.

Price of stock =Earnings per share( EPS) × benchmark P/E ratio  

The appropriate comparative price earnings ratio in the question has been given as 18.8 times.

DATA-

EPS- 3.95

PE- 18.8

Stock price = 3.95 ×  18.8= $74.26

Stock price = $74.26

7 0
4 years ago
Other questions:
  • Claims to Funds. Paul had a great job as a bank executive. Unfortunately, his bank came under scrutiny by federal regulators and
    10·1 answer
  • Assume that the nominal spot exchange rate (USD/EUR) increases by 7.5%, the eurozone price level decreases by 4%, and the US pri
    10·1 answer
  • Stan sold his investment property for $97,000 and had $8,000 in closing costs. The property had a beginning basis of $77,000, ca
    5·1 answer
  • From 1980 to 1989, total consumption of fish in the country of Jurania increased by 4.5 percent, and total consumption of poultr
    10·1 answer
  • Sally’s Dress Shop, Inc. reports operating income of $200,000 and interest expense of $18,000. The average common stockholders’
    5·1 answer
  • Ellen's Antiques reported the following in its December 31, 2021, balance sheet: Equipment $ 4,000,000 Accumulated depreciation—
    7·1 answer
  • How your organization starts its risk mitigation process depends entirely on the type of organization you are working in.
    11·1 answer
  • Closing Entries In the midst of closing procedures, Echo Corporation's accountant became ill and was hospitalized. You have volu
    15·1 answer
  • Digital Fruit is financed solely by common stock and has outstanding 40 million shares with a market price of $20 a share. It no
    11·1 answer
  • If April 15th falls on a Saturday, the due date for individual tax returns will be on Monday, April 17th (assuming it is not a h
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!